Featured Articles Blog

BrokerLink Completes Four Acquisitions, Advancing Its Digital Reach 0

Uncategorized

BrokerLink Completes Four Acquisitions, Advancing Its Digital Reach

BrokerLink acquires Ontario-based Insure Exact Insurance and ThinkInsure, along with Alberta-based First Fruits Insurance (o/a BrokerTeam Insurance) and Costen Insurance Toronto, ON (Sept. 11, 2025) – BrokerLink is keeping the momentum going with its latest acquisitions in two Canadian provinces. In Ontario, the company added Insure Exact Insurance Brokers Ltd. (Insure Exact Insurance) on July 1 and ThinkInsure Ltd. (ThinkInsure) on September 1, while in Alberta, it welcomed First Fruits Insurance Services Ltd. o/a BrokerTeam Insurance on August 1 and Costen Insurance on September 1. These four community-based acquisitions bring a mix of best-practices, additional skills and enhanced service delivery to complement BrokerLink’s offering across Canada. Empowering customers with a digitally-driven experience Headquartered in Toronto, Ontario, ThinkInsure has established itself as one of Canada’s premier insurance brokerages. For over 15 years, it has provided Ontarians and Albertans with a comprehensive suite of personal and business insurance, including specialized travel and life insurance solutions. The team prides itself on its digital leadership, delivering real-time online quotes and a dedicated contact centre experience aimed at helping customers find the ideal coverage for their needs and ensuring their peace of mind. Strengthening community ties in Mississauga, Ontario Founded in 2008, Insure Exact Insurance...

0

Uncategorized

Missouri to Requires Insurers to Register with New Uninsured Motorist Program

Article 0 Comments Insurance companies licensed to write auto liability coverage in Missouri will soon need to register with the state’s new uninsured motorist program. The Missouri Insurance Verification System (MOIVS) will include real-time insurance verification, ongoing compliance monitoring, and a pre-trial diversion program. The program was developed after lawmakers in 2023 passed a bill ordering the Department of Revenue to establish an online platform to verify that vehicle owners comply with state financial responsibility laws. Missouri Insurance Commissioner Angela Nelson said in a bulletin issued to insurers that companies are required to register with MOIVS by October 15. Insurance companies must continue reporting coverage information to DOR using their existing reporting processes until MOIVS is fully operational, the bulletin said. Topics Carriers Missouri Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Carriers? Get automatic alerts for this topic.

0

Uncategorized

Texas Insurer New Century Placed in Receivership and Liquidation

Article 0 Comments New Century Insurance Company, a property and casualty insurer licensed only in Texas, was placed in receivership receivership and ordered into liquidation by the Travis County District Court in Austin on Sept. 3, according to the Texas Department of Insurance. The district court issued an order finding New Century was insolvent, placing it into liquidation, and appointing the Texas commissioner of insurance as liquidator. New Century doesn’t have admitted assets equal to its liabilities and has total adjusted capital less than that required under Texas Insurance Code 841, TDI said in a FAQ page for policyholders of the insurer. Policies with New Century will be cancelled on October 3, 2025, at 11:59 p.m. Commissioner Cassie Brown has appointed FitzGibbons and Company, Inc as the Special Deputy Receiver (“SDR”) to administer the New Century estate. Policyholders with new claims are asked to report claims to FitzGibbons and Company. The Texas Property and Casualty Insurance Guaranty Association (TPCIGA is now responsible) for paying covered claims for New Century policyholders subject to statutory limits, Fitzgibbons and Company said in a notice to agents and brokers of New Century. More information can be found here. Topics Texas Carriers Was this article...

0

Uncategorized

Hong Kong Boosts Flood Management as Climate Change Fuels Heavy Rains

Article 0 Comments Two years ago, extreme rainfall inundated Hong Kong, turning roads into raging rapids, submerging cars and flooding malls, making it one of the city’s most costly weather events ever. When another round of record-breaking rains drenched the city last month, the damage and disruption were comparatively minimal. “I was looking outside the window, seeing the rain coming down, and I was expecting way more impact than I saw afterward,” said Andreas Prein, a weather expert who was in town for a forum on extreme rainfall the same week of the deluge. Other overseas attendees also remarked on how quickly Hong Kong returned to business-as-normal: they gathered for drinks downtown within a couple hours of the rains subsiding. The severe storm notched the highest-ever August daily rainfall total, but it was also up against the city’s sharpened flood management strategy: In the past two years, Hong Kong has more than doubled its annual spending on stormwater drainage to an estimated HK$3.17 billion ($407 million) to address the evolving threat from extreme rains turbocharged by a warming climate. Other regions have also spent handsomely in their quest to tame stormwaters. Tokyo boasts a world-class flood defense system, Singapore has...

0

Uncategorized

Daniel Crosby: Here’s What Separates High-Growth Advisor Teams

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

Ransomware Costs Jump 17% in 2025 Despite Fewer Cyberinsurance Claims: Resilience 0

Uncategorized

Ransomware Costs Jump 17% in 2025 Despite Fewer Cyberinsurance Claims: Resilience

AI-powered phishing, double extortion tactics, and insurance policy theft fuel more destructive, costly ransomware attacks San Francisco, CA (Sept. 9, 2025) – The financial fallout of ransomware attacks is climbing even as the number of cyber insurance claims falls, according to new data from Resilience, a leading cyber risk solutions company. In the first half of 2025, the average cost of an individual ransomware attack rose by 17%, while the volume of incurred claims across Resilience’s portfolio dropped by more than half (53%), highlighting the persistent and destructive threat of financially motivated cybercrime. Ransomware accounted for almost all (91%) of incurred losses in Resilience’s portfolio in the first six months of 2025. Cyber criminals are using increasingly sophisticated and profitable extortion tactics, including AI-powered social engineering, double extortion (attacks that demand two separate payments, one for data decryption and another to prevent public data release), and the theft of an organization’s cyber insurance policy to better benchmark and set higher ransom demands. These new strategies are fueling a threat landscape where fewer attacks can still cause immense financial damage. “Financial incentives are driving cyber criminals to be more clever and creative, and companies are facing larger losses than ever before,”...

0

Uncategorized

Scientists Link Major Carbon Emitters to Worsening Heat Waves

Article 0 Comments One quarter of more than 200 heat waves that occurred worldwide this century may have been impossible without human-induced global warming. Emissions from the world’s largest fossil fuel and cement companies played a significant role in worsening those events, according to a paper published Wednesday in the journal Nature. The study is the first to assess the historic impact of climate change on a large series of heat waves. The scientists concluded that emissions from the world’s 180 largest carbon emitters contributed to about half of the increase in intensity of heat waves since preindustrial times. They further determined that 14 of the largest carbon majors, including Exxon Mobil Corp., Saudi Aramco and Gazprom PJSC, played a role in more than 50 heat waves that otherwise would have been almost impossible. While past studies have mostly looked at emissions from regions and countries, this review focuses on major carbon emitters, said Yann Quilcaille, the report’s lead author and a postdoctoral researcher at ETH Zurich. “This research is an important step towards accountability,” says Friederike Otto, a professor in climate science at the Imperial College London who wasn’t involved in the study. Otto is co-founder of World Weather...

0

Uncategorized

State-Registered Investment Advisors, by the Numbers

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

0

Uncategorized

Willis Launches Global Risk Engineering Team to Enhance Specialized Capabilities

Article 0 Comments Willis, a business of the broker WTW, announced the launch of a Global Risk Engineering team, as a key expansion of its Global Risk & Analytics (R&A) business. By consolidating and elevating its engineering capabilities, Willis said it is enhancing its ability to deliver industry-leading specialization, powered by proprietary data, advanced analytics, and technology-enabled solutions. The Global Risk Engineering team will provide both single-site and portfolio-level assessments, enabling clients to achieve deeper insights, greater resilience, and measurable improvements in their total cost of risk (TCOR). With nearly 200 risk engineers operating across 30 countries, including North America, Europe, Middle East and Africa, Asia Pacific and Latin America, Willis brings together global expertise with local specialization. This combination supports multinational and large organizations by uniting property and casualty risk control expertise with market-leading data science, decision support tools, sector, and industry-specific knowledge. The new proposition goes beyond traditional risk engineering. By aligning proprietary data sets with specialized capabilities, the Global Risk Engineering team is uniquely positioned to deliver tailored, data-enabled solutions that optimize risk management strategies, improve resilience, and maximize clients’ return on investment. “We’re delighted to launch our new Global Risk Engineering proposition, which represents a significant...

0

Uncategorized

Pushing 60, Gen Xers Worry They’ll Go Broke in Retirement

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.